Banks Lend N947b to Customers amid Cash Crunch by Justice Godfrey Okamgba March 4, 2023 0 Finance According to the Monetary Policy Committee of the Central Bank of Nigeria (CBN), Nigerian banks offered 130,854 new credits worth ... Read more
Adaora Umeoji Retires as Zenith Bank Deputy Managing Director by Justice Godfrey Okamgba March 2, 2023 0 Finance Dr. Adaora Umeoji, Deputy Managing Director of Zenith Bank Plc, has retired from the financial institution following the Central Bank ... Read more
CBN to Release CVFF Funds to 5 Banks After Hitting $50m by Justice Godfrey Okamgba February 24, 2023 0 Commerce Central Bank of Nigeria (CBN) will release the Cabotage Vessel Financing Fund (CVFF) to the five selected primary lending institutions ... Read more
[JUST IN] CBN Debunks Report Directing Banks to Accept Old N500, N1000 Banknotes by Justice Godfrey Okamgba February 17, 2023 0 Finance The Central Bank of Nigeria (CBN) has denied a news report quoting a bank source as saying the apex bank ... Read more
[BREAKING] CBN Orders Banks to Accept Old N500, N1,000 Notes by Justice Godfrey Okamgba February 17, 2023 0 Finance "No, we didn't", CBN clarifies The Central Bank of Nigeria has reportedly directed banks to begin collecting old N500 and ... Read more
Bank Directors to Address Naira Scarcity by Justice Godfrey Okamgba February 13, 2023 0 Finance The current naira scarcity, occasioned by the currency swap policy of the Central Bank of Nigeria (CBN), is taking a ... Read more
[Naira Scarcity] Bank Officials now Dress Casually to Work by Justice Godfrey Okamgba February 10, 2023 0 Finance The circumstances surrounding the Naira's scarcity have led some Nigerians to resort to violence in some parts of the country, ... Read more
FG Orders Filling Stations to Accept Payment via POS Machines, Bank Transfers by Justice Godfrey Okamgba February 10, 2023 0 Finance The Nigerian government has ordered filling station owners and operators across the country to accept POS machines and bank transfers ... Read more
CBN Makes U-turn, Daily Withdrawal Limit on ATMs now N20k from N100 by Justice Godfrey Okamgba January 26, 2023 0 Finance On Thursday, reports claimed that the Central Bank of Nigeria (CBN) initiated a new directive that will reduce the daily ... Read more
Over 6,000 BVNs come under CBN Watch as Fraud Surges by Justice Godfrey Okamgba December 27, 2022 0 Finance According to information released by the Central Bank of Nigeria (CBN), there are at least 6,047 Bank Verification Numbers (BVNs) ... Read more
Cash Outside Banks now Stands at 80%, According to CBN by Justice Godfrey Okamgba December 26, 2022 0 Finance According to the Central Bank of Nigeria (CBN), more than 80% of the currency in circulation is now held in ... Read more
Nigerian Banks Hike Interest Rates on Outstanding Loans by Justice Godfrey Okamgba November 28, 2022 0 Finance Nigerian banks have made adjustments to interest payments on loans collected by Nigerians. The modifications happened after the CBN ... Read more
US Biggest Bank JP Morgan Officially Registers Cryptocurrency Trademark by Justice Godfrey Okamgba November 21, 2022 0 Digital Assets JP Morgan has officially registered a cryptocurrency trademark. Aptly titled, “JP Morgan Wallet”, the brand is set to support ... Read more
Interswitch says Value Financing will Spur Growth in the Payment Ecosystem by Justice Godfrey Okamgba November 18, 2022 0 Commerce Essentially, these solutions will help remove costs that businesses would have incurred to develop enabling systems that foster seamless collection ... Read more
Naira Redesign: CBN Orders Deposit Banks to Open on Saturdays by Justice Godfrey Okamgba November 18, 2022 0 Finance “Consequently, you must return all the current N200, N500, and N1,000 banknotes to your bank before the expiration of the ... Read more